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NYSE:CIVI

Civitas Resources (CIVI) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$72.24
$73.75
50-Day Range
$17.76
$17.76
52-Week Range
$12.10
$17.89
Volume
1.08 million shs
Average Volume
1.56 million shs
Market Capitalization
$7.35 billion
P/E Ratio
8.94
Dividend Yield
2.72%
Price Target
$99.13

Civitas Resources MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
34.9% Upside
$99.13 Price Target
Short Interest
Healthy
3.54% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
16.86%
From $11.98 to $14.00 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.70 out of 5 stars

Oils/Energy Sector

57th out of 238 stocks

Crude Petroleum & Natural Gas Industry

24th out of 73 stocks

CIVI stock logo

About Civitas Resources Stock (NYSE:CIVI)

Civitas Resources, Inc., an exploration and production company, focuses on the acquisition, development, and production of oil and natural gas in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado. As of December 31,2021, it had proved reserves 397.7 MMBoe comprising 143.6 MMbbls of crude oil, 106.0 MMbbls of natural gas liquids, and 888.5 Bcf of natural gas. The company was formerly known as Bonanza Creek Energy, Inc. Civitas Resources, Inc. was founded in 1999 and is based in Denver, Colorado.

CIVI Stock News Headlines

What Analysts Are Saying About Civitas Resources Stock
IOG Resources II Announces Acquisition
Truist Financial Keeps Their Buy Rating on Matador Resources (MTDR)
Expert Outlook: Civitas Resources Through The Eyes Of 7 Analysts
Unveiling 6 Analyst Insights On Civitas Resources
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Last Earnings
5/02/2024
Today
5/28/2024
Ex-Dividend for 6/26 Dividend
6/12/2024
Dividend Payable
6/26/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
23,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$99.13
High Stock Price Target
$106.00
Low Stock Price Target
$90.00
Potential Upside/Downside
+34.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$784.29 million
Pretax Margin
22.70%

Debt

Sales & Book Value

Annual Sales
$3.48 billion
Cash Flow
$21.42 per share
Book Value
$65.92 per share

Miscellaneous

Free Float
99,540,000
Market Cap
$7.35 billion
Optionable
Optionable
Beta
1.54
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CIVI Stock Analysis - Frequently Asked Questions

Should I buy or sell Civitas Resources stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Civitas Resources in the last year. There are currently 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CIVI shares.
View CIVI analyst ratings
or view top-rated stocks.

What is Civitas Resources' stock price target for 2024?

9 Wall Street research analysts have issued 1-year target prices for Civitas Resources' stock. Their CIVI share price targets range from $90.00 to $106.00. On average, they predict the company's share price to reach $99.13 in the next year. This suggests a possible upside of 34.9% from the stock's current price.
View analysts price targets for CIVI
or view top-rated stocks among Wall Street analysts.

Are investors shorting Civitas Resources?

Civitas Resources saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 3,010,000 shares, a drop of 5.6% from the April 30th total of 3,190,000 shares. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 3.5% of the company's stock are short sold.
View Civitas Resources' Short Interest
.

When is Civitas Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our CIVI earnings forecast
.

How were Civitas Resources' earnings last quarter?

Civitas Resources, Inc. (NYSE:CIVI) issued its earnings results on Thursday, May, 2nd. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by $0.77. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. Civitas Resources had a net margin of 18.25% and a trailing twelve-month return on equity of 12.69%. Civitas Resources's quarterly revenue was up 102.6% on a year-over-year basis. During the same quarter last year, the company posted $2.16 earnings per share.

How often does Civitas Resources pay dividends? What is the dividend yield for Civitas Resources?

Civitas Resources announced a quarterly dividend on Thursday, May 2nd. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.50 per share on Wednesday, June 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, June 12th.
Read our dividend analysis for CIVI
.

Is Civitas Resources a good dividend stock?

Civitas Resources (NYSE:CIVI) pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.78%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIVI will have a dividend payout ratio of 14.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIVI.

What other stocks do shareholders of Civitas Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Civitas Resources investors own include Allena Pharmaceuticals (ALNA), Galmed Pharmaceuticals (GLMD), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), Corbus Pharmaceuticals (CRBP), ImmunoGen (IMGN), Melinta Therapeutics (MLNT), NVIDIA (NVDA), VBI Vaccines (VBIV) and Aduro Biotech (ADRO).

Who are Civitas Resources' major shareholders?

Civitas Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.02%), Donald Smith & CO. Inc. (2.01%), Principal Financial Group Inc. (1.08%), Invenomic Capital Management LP (0.39%), Leeward Investments LLC MA (0.26%) and Bessemer Group Inc. (0.24%). Insiders that own company stock include Brant Demuth, Brian Cain, Canada Pension Plan Investment, Dean Tinsley, Iv Cyrus D Marter, Kimmeridge Energy Management C, M Christopher Doyle, Paul Keglevic, Sandra Garbiso and Travis L Counts.
View institutional ownership trends
.

This page (NYSE:CIVI) was last updated on 5/29/2024 by MarketBeat.com Staff

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